Greek Aid Plan Reassures Debt Markets

By

Emese Bartha

Updated March 26, 2010 10:55 p.m. ET

FRANKFURT—The European Union's agreement Thursday to set up a safety net for Greece as it weathers its debt crisis boosted the country's government bond prices Friday, paving the way for a new bond issue as early as next week.

The rescue plan, which will involve assistance from the International Monetary Fund and provides Greece with a system of standby credits to guard against threatened insolvency, also brought down the cost of...